Bed Bath & Beyond Inc. opens a unique shopping venue in the Sunset Park neighborhood of Brooklyn, New York

Brooklyn Shopping Venue Features Shopping, Dining, Live Events and More

UNION, N.J., 2017-Jan-13 — /EPR Retail News/ — Bed Bath & Beyond Inc. (NASDAQ: BBBY) today ( Jan. 10, 2017) announced the grand opening of a unique shopping venue in the Sunset Park neighborhood of Brooklyn, New York. Located at 850 3rd Avenue, “BEYOND at Liberty View” houses four of the Company’s brands under one roof, including Bed Bath & Beyond®, Face Values®, buybuy BABY® and Cost Plus World Market®.  Beyond the experience of these four great stores, the Company has created a fun and productive shopping destination for the entire family featuring a variety of dining options, including a full-service restaurant, as well as live events, such as cooking demonstrations, kid-friendly activities, and more.

As part of the Company’s commitment to do more for and with its customers, “BEYOND at Liberty View” was designed to offer a high level of customer service that is inspirational, along with expanded offerings, in-store experts, and more differentiated product, services and solutions. Customers already familiar with Bed Bath & Beyond’s family of brands are able to take advantage of several new and enhanced services with an expansive assortment of products across multiple categories in the home, baby and, health and beauty space. Digital tools assist customers in providing a seamless and personalized shopping experience, including interactive shopping tools to find the item to fit a specific need. The venue also features a dedicated area called “The Beyond Room,” for customers to work with the Company’s in-house experts for concierge services, such as personal shopping, registry and soon-to-come, decorating services.

In addition to the retail space, “BEYOND at Liberty View” includes a unique, food hall-style dining experience. The Bay Market Kitchen serves casual American cuisine and locally brewed craft beer, wine and growlers. In addition to the restaurant, there are seasonal market food pods on the second floor, which feature Brooklyn-based Toby’s Estate Coffee espresso drinks, drip and pour-over coffee and locally-sourced treats and snacks. An event space, named 71 at BEYOND, has been specially designed for cooking classes, product demonstrations, food sampling, how-to sessions and more, to better serve our customers.

“We are thrilled to open BEYOND at Liberty View in the thriving and dynamic Sunset Park community and offer our customers a unique shopping destination featuring a broad assortment of products and outstanding customer service that is common to all of our brands,” said Barry Feld, Chief Executive Officer of Cost Plus World Market, who helped spearhead the project on behalf of Bed Bath & Beyond Inc. “We are also excited to be opening our first full Cost Plus World Market store experience in Brooklyn, and to be part of this growing and diverse neighborhood,” Feld added.

Bed Bath & Beyond (www.bedbathandbeyond.com) is delighted to expand its product offerings by supporting the local design community and offering a “Born in Brooklyn” section inside the store, presenting Brooklyn-based designers and their products in a format that is exclusive to the Sunset Park location. In addition, the store features a Drapery Design Gallery for custom window treatments and a Technology Shop including products that provide ‘the connected home’ experience. The store also includes concierge, personal shopping, registry, and home delivery services.

Face Values (www.harmondiscount.com) features a selection of approximately 20,000 items from the cosmetics, health and beauty categories including popular name brand cosmetics and personal care products, nutritional bars and an extensive assortment of trial and travel size products at everyday low prices. With beauty advisors and makeup stations in-store, Face Values is the place for those who love health and beauty products mixed with a little pampering. And, unique to the Sunset Park location, customers are able to make an appointment (or walk in) with professional stylists to wash, blow and style their hair at the Blow In Blow Out Bar®.

buybuy BABY (www.buybuybaby.com) ensures that new and expectant parents have everything they need to confidently welcome their baby and navigate the transitions of life as a family. From a baby registry department and a nursery design center to baby gear and clothes, this Brooklyn location also features a book department with a reading and activity area and a stroller and car seat showroom, allowing new parents to explore different models to find the item that best fits their budget and lifestyle.

Cost Plus World Market (www.worldmarket.com) is already well known for its broad and unique assortment of home goods, including furniture, textiles, ceramics and glassware, home décor, artisan gifts, jewelry and accessories, and global food and beverages from around the world. The Sunset Park location has all of these departments as well as an expanded line of consumables, which includes “locally grown” products from Brooklyn, and also features room vignettes which offer the customer solutions for small-space urban living.

For more information and a calendar of upcoming events for “BEYOND at Liberty View,” visit www.bedbathandbeyond.com/brooklyn.

About the Company

Bed Bath & Beyond Inc. and subsidiaries (the “Company”) is a retailer selling a wide assortment of domestics merchandise and home furnishings which operates under the names Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops andThat! or andThat!, Harmon, Harmon Face Values or Face Values, buybuy BABY and World Market, Cost Plus World Market or Cost Plus. Customers can purchase products from the Company either in-store, online, with a mobile device or through a contact center. The Company generally has the ability to have customer purchases picked up in-store or shipped direct to the customer from the Company’s distribution facilities, stores or vendors. In addition, the Company operates Of a Kind, an e-commerce website that features specially commissioned, limited edition items from emerging fashion and home designers; One Kings Lane, an authority in home décor and design offering a unique collection of select home goods, designer and vintage items; and PersonalizationMall.com, an industry-leading online retailer of personalized products. The Company also operates Linen Holdings, a provider of a variety of textile products, amenities and other goods to institutional customers in the hospitality, cruise line, healthcare and other industries. Additionally, the Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond.

The Company operates websites at bedbathandbeyond.com, bedbathandbeyond.ca, worldmarket.com, buybuybaby.com, buybuybaby.ca, christmastreeshops.com, harmondiscount.com, ofakind.com, onekingslane.com, personalizationmall.com, harborlinen.com and t-ygroup.com. As of December 21, 2016, the Company had a total of 1,548 stores, including 1,023 Bed Bath & Beyond stores in all 50 states, the District of Columbia, Puerto Rico and Canada, 279 stores under the names of World Market, Cost Plus World Market or Cost Plus, 112 buybuy BABY stores, 80 stores under the names Christmas Tree Shops, Christmas Tree Shops andThat! or andThat!, and 54 stores under the names Harmon, Harmon Face Values or Face Values.

MEDIA CONTACT:
Jessica Joyce
908.613.5461
jessica.joyce@bedbath.com

INVESTORS CONTACT:
Janet M. Barth
908.613.5820
Janet.barth@bedbath.com

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Bed Bath & Beyond Inc. opens a unique shopping venue in the Sunset Park neighborhood of Brooklyn, New York

 

SOURCE: Bed Bath & Beyond

Bed Bath & Beyond Inc. announces the acquisition of PersonalizationMall.com

  • Expands Bed Bath & Beyond’s Existing Assortment in Growing Product Personalization Category; Furthers Mission to Provide Differentiated Products, Services and Solutions to Customers
  • Supports PersonalizationMall.com’s Ongoing Efforts to Continually Improve Customer Experience Through Enhancements to Product Mix, Upgrades to E-Commerce Website, and Optimization of Marketing Initiatives
  • Leverages PersonalizationMall.com’s Fully-Integrated, Proprietary Technology Platform to Drive Additional Omnichannel Offerings Across All Bed Bath & Beyond Concepts
  • Transaction Expected to be Slightly Accretive to Fiscal 2016 Earnings

UNION, N.J., 2016-Nov-25 — /EPR Retail News/ — Bed Bath & Beyond Inc. (NASDAQ: BBBY) announced today (Nov. 23, 2016) that it has acquired PersonalizationMall.com (PMall.com), an industry-leading online retailer of personalized products based in Burr Ridge, Illinois, for approximately $190 million in cash, which reflects certain closing adjustments.

Over the past 18 years, PMall.com has developed a fully-integrated, proprietary technology platform that drives quality, speed and efficiency throughout the process of personalizing a breadth of products to each customer’s unique preference. PMall.com is a highly successful innovator of personalized products and currently offers an extensive assortment of products that can be customized through a variety of different personalization processes including sublimation, embroidery, digital printing, engraving, and sandblasting. PMall.com’s vertically integrated e-commerce platform includes an automated personalization process and rapid order fulfillment, resulting in a differentiated customer experience.

Bed Bath & Beyond remains focused on its mission to do more for and with its customers and to be viewed as the expert for the home, and to become the destination for customers’ needs and wants as they express their life interests and travel through their life stages; all through the expanding and differentiated products, services and solutions the Company offers. The acquisition of PMall.com expands the Company’s existing assortment in the growing product personalization category and brings a complementary portfolio of differentiated products that commemorate all of life’s events and special occasions such as weddings, birthdays, holidays and the welcoming of a child.

“We are delighted to welcome PersonalizationMall.com to Bed Bath & Beyond. They have built a tremendous business, and we are excited to support them as they advance their industry-leading position within the growing category of product personalization,” stated Steven H. Temares, Chief Executive Officer and Member of the Board of Directors of Bed Bath & Beyond Inc. “As we have said previously, we view personalization as a significant opportunity for us to create additional differentiation and enable us to do more for and with our customers.” Temares added, “We look forward to supporting PersonalizationMall.com as they continue to improve the customer experience by enhancing their product mix, upgrading their e-commerce website and driving optimization of their marketing initiatives. At the same time, we are excited by the opportunity to leverage their advanced personalization and production capabilities to create additional omnichannel offerings across all of our concepts.”

“I am very proud of the work our team has done in building PersonalizationMall.com into a market segment leader due to the ever-increasing demand for a wide range of quality personalized gift offerings,” said Dan Randolph, Founder and President, PersonalizationMall.com. “We are excited to be given the opportunity to realize the full potential of the PersonalizationMall.com brand in working together with Bed Bath & Beyond.  Additionally, it is a great opportunity for our PMall Team to become part of such an admired company that is as committed to great customer service as we are.”

Bed Bath & Beyond funded the transaction using cash on hand, and expects the acquisition to be slightly accretive to its net earnings per diluted share for fiscal 2016. The acquisition of PMall.com is not anticipated to have a material effect on Bed Bath & Beyond’s fiscal 2016 third quarter ending on November 26, 2016. The Company’s fiscal 2016 third quarter results are scheduled to be reported on December 21, 2016.

Financial advisor to Bed Bath & Beyond on this transaction was Goldman, Sachs & Co. PersonalizationMall.com was advised by William Blair.

About the Company

Bed Bath & Beyond Inc. and subsidiaries (the “Company”) is a retailer selling a wide assortment of domestics merchandise and home furnishings which operates under the names Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops andThat! or andThat!, Harmon or Harmon Face Values, buybuy BABY and World Market, Cost Plus World Market or Cost Plus. Customers can purchase products from the Company either in-store, online, with a mobile device or through a contact center. The Company generally has the ability to have customer purchases picked up in-store or shipped direct to the customer from the Company’s distribution facilities, stores or vendors.  In addition, the Company operates Of a Kind, an e-commerce website that features specially commissioned, limited edition items from emerging fashion and home designers; One Kings Lane, an authority in home décor and design offering a unique collection of select home goods, designer and vintage items; and PersonalizationMall.com, an industry-leading online retailer of personalized products.  The Company also operates Linen Holdings, a provider of a variety of textile products, amenities and other goods to institutional customers in the hospitality, cruise line, healthcare and other industries.  Additionally, the Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond.

Forward-Looking Statements

This press release may contain forward-looking statements.  Many of these forward-looking statements can be identified by use of words such as may, will, expect, anticipate, approximate, estimate, assume, continue, model, project, plan, and similar words and phrases.  The Company’s actual results and future financial condition may differ materially from those expressed in any such forward-looking statements as a result of many factors. Such factors include, without limitation: general economic conditions including the housing market, a challenging overall macroeconomic environment and related changes in the retailing environment; consumer preferences, spending habits and adoption of new technologies; demographics and other macroeconomic factors that may impact the level of spending for the types of merchandise sold by the Company; civil disturbances and terrorist acts; unusual weather patterns and natural disasters; competition from existing and potential competitors; competition from other channels of distribution; pricing pressures; liquidity; the ability to attract and retain qualified employees in all areas of the organization; the cost of labor, merchandise and other costs and expenses; potential supply chain disruption due to political instability, labor disturbances, product recalls, financial or operational instability of suppliers or carriers, and other items; the ability to find suitable locations at acceptable occupancy costs and other terms to support the Company’s plans for new stores; the ability to assess and implement technologies in support of the Company’s development of its omnichannel capabilities; the ability to establish and profitably maintain the appropriate mix of digital and physical presence in the markets it serves; uncertainty in financial markets; disruptions to the Company’s information technology systems including but not limited to security breaches of systems protecting consumer and employee information; reputational risk arising from challenges to the Company’s or a third party supplier’s compliance with various laws, regulations or standards, including those related to labor, health, safety, privacy or the environment; reputational risk arising from third-party merchandise or service vendor performance in direct home delivery or assembly of product for customers; changes to statutory, regulatory and legal requirements; new, or developments in existing, litigation, claims or assessments; changes to, or new, tax laws or interpretation of existing tax laws; changes to, or new, accounting standards; foreign currency exchange rate fluctuations; and the integration of acquired businesses.  The Company does not undertake any obligation to update its forward-looking statements.

Contact:
Janet M. Barth
(908) 613-5820

SOURCE: Bed Bath & Beyond Inc.

Bed Bath & Beyond Inc. acquires home décor and design authority One Kings Lane, Inc.

UNION, N.J., 2016-Jun-22 — /EPR Retail News/ — Bed Bath & Beyond Inc. (NASDAQ: BBBY) today announced an all cash purchase of One Kings Lane, Inc., an authority in home decor and design that offers a unique collection of select home goods, designer and vintage items. One Kings Lane works directly with home furnishings brands, vintage dealers, designers and taste makers to offer a curated merchandise assortment. Additionally, they deliver design inspiration and expert style advice. They also offer complimentary interior design services at its two design studios located in San Francisco and New York.

“We have followed One Kings Lane and loved its site since its inception, and we are thrilled for the opportunity to provide them with additional support and exposure to promote and grow their brand,” noted Steven H. Temares, Chief Executive Officer and Member of the Board of Directors of Bed Bath & Beyond Inc.  “At the same time, One Kings Lane will serve as a cornerstone for Bed Bath & Beyond’s growing offerings in furniture and home décor, and together we will be able to do even more for and with our collective customers wherever, whenever and however they wish to interact with us, and to further our mission to be viewed as the expert for the home.”

“We are excited to be part of the Bed Bath & Beyond family,” stated Dinesh Lathi, Chief Executive Officer of One Kings Lane. “This is a tremendous opportunity for our customers, as well as our employees and business partners, to benefit from additional support and resources and gain exposure to new customers. We look forward to being able to continue to differentiate our product offerings and refine our point of view to further delight our current and future customers.”

The purchase of One Kings Lane, Inc. did not affect Bed Bath & Beyond Inc.’s fiscal 2016 first quarter ended on May 28, 2016, as the transaction occurred during the fiscal 2016 second quarter. The purchase price was not material to Bed Bath & Beyond Inc., and the Company expects this transaction to be slightly dilutive to its net earnings per diluted share for fiscal 2016, after transaction and integration costs.

Bed Bath & Beyond Inc. is scheduled to release its fiscal 2016 first quarter financial results after market close on Wednesday, June 22, 2016, followed by a conference call with analysts and investors at 5:00 pm (ET) that day. The conference call may be accessed by dialing 1-888-771-4371, or if international, 847-585-4405, using conference ID number 42747608. The replay of the call can be accessed by dialing 1-888-843-7419, using conference ID number 42747608.  The call and replay can also be accessed via audio webcast on the investor relations section of our website at www.bedbathandbeyond.com.

About the Company

Bed Bath & Beyond Inc. and subsidiaries (the “Company”) is a retailer selling a wide assortment of domestics merchandise and home furnishings which operates under the names Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops andThat! or andThat!, Harmon or Harmon Face Values, buybuy BABY and World Market, Cost Plus World Market or Cost Plus. Customers can purchase products from the Company either in-store, online, with a mobile device or through a contact center. The Company generally has the ability to have customer purchases picked up in-store or shipped direct to the customer from the Company’s distribution facilities, stores or vendors.  In addition, the Company operates Of a Kind, an e-commerce website that features specially commissioned, limited edition items from emerging fashion and home designers, and One Kings Lane, an authority in home décor and design that offers a unique collection of select home goods, designer and vintage items.  The Company also operates Linen Holdings, a provider of a variety of textile products, amenities and other goods to institutional customers in the hospitality, cruise line, healthcare and other industries.  Additionally, the Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond.

The Company operates websites at bedbathandbeyond.com, worldmarket.com, buybuybaby.com, christmastreeshops.com, harmondiscount.com, ofakind.com and onekingslane.com.  As of February 27, 2016, the Company had a total of 1,530 stores, including 1,020 Bed Bath & Beyond stores in all 50 states, the District of Columbia, Puerto Rico and Canada, 276 stores under the names of World Market, Cost Plus World Market or Cost Plus, 105 buybuy BABY stores, 78 stores under the names Christmas Tree Shops, Christmas Tree Shops andThat! or andThat!, and 51 stores under the names Harmon or Harmon Face Values.  In addition, the Company is a partner in a joint venture which operates seven stores in Mexico under the name Bed Bath & Beyond.

Forward-Looking Statements

This press release may contain forward-looking statements.  Many of these forward-looking statements can be identified by use of words such as may, will, expect, anticipate, approximate, estimate, assume, continue, model, project, plan, and similar words and phrases.  The Company’s actual results and future financial condition may differ materially from those expressed in any such forward-looking statements as a result of many factors. Such factors include, without limitation: general economic conditions including the housing market, a challenging overall macroeconomic environment and related changes in the retailing environment; consumer preferences, spending habits and adoption of new technologies; demographics and other macroeconomic factors that may impact the level of spending for the types of merchandise sold by the Company; civil disturbances and terrorist acts; unusual weather patterns and natural disasters; competition from existing and potential competitors; competition from other channels of distribution; pricing pressures; liquidity; the ability to attract and retain qualified employees in all areas of the organization; the cost of labor, merchandise and other costs and expenses; potential supply chain disruption due to political instability, labor disturbances, product recalls, financial or operational instability of suppliers or carriers, and other items; the ability to find suitable locations at acceptable occupancy costs and other terms to support the Company’s plans for new stores; the ability to assess and implement technologies in support of the Company’s development of its omnichannel capabilities; the ability to establish and profitably maintain the appropriate mix of digital and physical presence in the markets it serves; uncertainty in financial markets; disruptions to the Company’s information technology systems including but not limited to security breaches of systems protecting consumer and employee information; reputational risk arising from challenges to the Company’s or a third party supplier’s compliance with various laws, regulations or standards, including those related to labor, health, safety, privacy or the environment; reputational risk arising from third-party merchandise or service vendor performance in direct home delivery or assembly of product for customers; changes to statutory, regulatory and legal requirements; new, or developments in existing, litigation, claims or assessments; changes to, or new, tax laws or interpretation of existing tax laws; changes to, or new, accounting standards; foreign currency exchange rate fluctuations; and the integration of acquired businesses.  The Company does not undertake any obligation to update its forward-looking statements.

INVESTOR CONTACTS:

Janet M. Barth, (908) 613-5820

 

SOURCE: Bed Bath & Beyond Inc.